Metro Inc. (TSE:MRU) Declares Quarterly Dividend of $0.37

Key Points

• Metro Inc. has declared a quarterly dividend of $0.37 per share, with payment scheduled for November 11th to shareholders of record on October 23rd.
• The company's stock has experienced fluctuations, recently trading at C$93.28, down by C$0.19, with a market cap of C$20.29 billion.
• Metro is among Canada's largest grocery retailers and has expanded its presence in the drugstore sector following the acquisition of Jean Coutu in 2018.

Metro Inc. (TSE:MRU - Get Free Report) announced a quarterly dividend on Tuesday, September 30th, RTT News reports. Shareholders of record on Thursday, October 23rd will be paid a dividend of 0.37 per share on Tuesday, November 11th. This represents a c) annualized dividend and a yield of 1.6%.

Metro Stock Performance

TSE MRU traded down C$0.19 during trading hours on Wednesday, hitting C$93.28. The company had a trading volume of 439,107 shares, compared to its average volume of 491,284. Metro has a fifty-two week low of C$81.01 and a fifty-two week high of C$109.20. The company has a quick ratio of 0.41, a current ratio of 1.35 and a debt-to-equity ratio of 62.29. The business has a fifty day simple moving average of C$99.15 and a 200-day simple moving average of C$101.62. The firm has a market cap of C$20.29 billion, a P/E ratio of 20.23, a price-to-earnings-growth ratio of 4.06 and a beta of 0.28.

About Metro

Metro is one of the largest grocery retailers in Canada. With its 2018 acquisition of Jean Coutu, it also boasts a meaningful drugstore footprint. Noteworthy grocery banners include Metro, Metro Plus, Super C, and Food Basics, while its pharmacies primarily operate under the Jean Coutu and Brunet trademarks.

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